This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Market Hustle: Stock Futures Rise; Reports Say Deal Reached in Ukraine Crisis

Stocks in this article: ^DJI ^GSPC ^IXIC HPQ GRPN

NEW YORK (TheStreet) -- Stock futures were drifting higher Friday and on pace for weekly gains amid news that a deal to end the political crisis in Ukraine has been reached.

  • Dow Jones Industrial Average futures were rising 36 points, or 31.77 points above fair value, to 16,136. S&P 500 futures were up 4.25 points, or 3.47 points above fair value, to 1,840.5. Nasdaq futures were higher by 8.8 points, or 9.52 points above fair value, to 3,680.38.
  • The office of Ukrainian President Viktor Yanukovych said Friday that an international deal to end the increasing violence between protesters and police has been achieved, though there were some concerns among citizens that it wouldn't be sufficient to pacify protesters.
  • Standard & Poor's said Ukraine will likely default on its debt if there are no significant improvements in the political crisis, which it doesn't expect. The agency cited the increasing violence between protesters and police as it downgraded the country's rating by a notch to CCC.
  • Existing home sales for January will be released at 10 a.m. EST. A dip to a seasonally adjusted annual pace of 4.68 million units from a rate of 4.87 million units in December is expected by economists, given the impact of bad weather. But the overall, longer-term housing market outlook appears healthy.
  • International stocks were higher after the prior day's slump as the Bank of Japan's January meeting minutes indicated that its aggressive stimulus could persist for more than the market's expectation of two years, and after Thursday brought a report showing that U.S. manufacturing data improved in February, offsetting China slowdown concerns.
  • Japan's Nikkei 225 closed ahead by 2.88%, the Hong Kong Hang Seng settled up 0.78%, the FTSE 100 in London rose 0.22%, and the DAX in Germany was trading sideways after dropping by the most in more than two weeks on Thursday.
  • St. Louis Federal Reserve Bank President James Bullard will speak on the economic outlook and monetary policy in St. Louis. starting at 1:10 p.m., and Dallas Fed President Richard Fisher will talk about his economic outlook in Austin at 1:45 p.m.
  • HP (HPQ - Get Report) was adding on 1.69% to $30.70 after blowing past Wall Street's top and bottom line estimates in its first-quarter results released on Thursday.
  • Groupon (GRPN - Get Report) was plummeting more than 14% to $8.80 after the company warned of a quarterly loss on increased marketing expenses.

-- Written by Andrea Tse in New York

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,429.11 -249.59 -1.41%
S&P 500 2,035.98 -21.11 -1.03%
NASDAQ 4,708.6240 -63.1390 -1.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs